Global Thermal Barrier Coatings (TBC) Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global thermal barrier coatings market in its upcoming report titled, “Global Thermal Barrier Coatings Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global thermal barrier coatings market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global thermal barrier coatings market report has been segmented on the basis of product type, technology, coating material, application, and region.

Thermal barrier coating materials are advanced materials, which help in insulating components operating at high temperatures such as in gas turbines, nozzle guide vanes and ducting, in aerospace parts, and other metallic surfaces. Thermal barrier coatings enable gas turbines to function at high temperature. Low thermal shock, high thermal expansion co-efficient, and low thermal conductivity are some of the features of thermal barrier coatings, which are some major factors anticipated to drive growth of thermal barrier coatings for higher engine operations. Thermal barrier coatings are manufactured using raw materials like epoxy resins, polymers, zirconia, aluminates, and others.

Heat produced by turbines are attenuated by using thermal barrier coatings. It ensures that functioning as well as an output of turbines is enhanced, which in turn enhances overall productivity of industries where turbines are deployed. Permanent power plants are key sector where gas turbines are widely used. Growth of these power plants is expected to drive the market growth and offers various lucrative growth opportunities for major market players. Automotive and aerospace are major industries that use gas turbines, which is additional factor expected to support growth of the market globally. Technological developments in field of an electron beam and oxy-fuels physical vapor disposition is also expected to support the market growth positively. Performance of automobile engines defines utility and performance of a vehicle, which makes it integral for manufacturers to retain integrity of engines. Thermal barrier coating plays an essential role in maintaining a temperature inside and outside an automobile engine. Governments across various developed and developing countries are focusing on enhancing production standards of various industries such as automobiles, power, and aerospace, which also act as a substantial contributor towards the global thermal barrier coatings market growth over the forecast period.

However, volatile raw material prices are expected to hamper thermal barrier coatings market growth in the next ten years.

North America thermal barrier coatings market is estimated to account for significant share in terms of revenue in 2017, and is projected to maintain its dominance over the forecast period, owing to growing demand for thermal barrier coatings from aerospace and automotive sectors in the countries in this region. Asia Pacific thermal barrier coatings market is anticipated to record highest growth in terms of revenue in the next ten years.

Global Thermal Barrier Coatings Market Segmentation:

Segmentation by product type:

• Metal
• Intermetallic
• Ceramic

Segmentation by technology:

• Electron Beam-Physical Vapor Deposition
• High Velocity Oxy-fuel
• Chemical Vapor Deposition
• Air Plasma

Segmentation by coating material:

• Al2O3
• Ceramic YSZ
• MCrAlY
• Mullite-based

Segmentation by application:

• Industrial
• Automotive
• Aerospace
• Energy

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa